Form 4: Quest Resource Holding Corp: Director Friedberg Reports Holdings

Daniel M. Friedberg, a Director and 10% Owner of Quest Resource Holding Corp, has filed a Form 4 detailing changes in his beneficial ownership of company stock.

Summary

• Daniel M. Friedberg, a Director and 10% Owner of Quest Resource Holding Corp (QRHC), has reported transactions related to his beneficial ownership of the company's common stock.
• The filing indicates a transaction on April 30, 2026, involving 13,289 shares acquired at a price of $1.13, resulting in 97,068 shares beneficially owned.
• Additionally, 49,085 shares of common stock are reported as disposed of.
• Friedberg's beneficial ownership includes 2,842,353 shares indirectly held through Hampstead Park Environmental Services Investment Fund LLC.
• The reported securities also encompass deferred stock units (DSUs) and restricted stock units (RSUs) granted under various incentive plans, which are to be issued upon Mr. Friedberg's separation from service.
• This Form 4 is filed jointly by Hampstead Park Environmental Services Investment Fund LLC, Daniel Friedberg, and Hampstead Park Capital Management, LLC, with Friedberg holding significant control over the entities.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it primarily reports on routine insider transactions and holdings rather than significant new financial performance or strategic shifts.

Positives

• Daniel Friedberg, a key insider and significant shareholder, continues to hold a substantial number of shares and deferred stock units in Quest Resource Holding Corp.
• The acquisition of 13,289 shares at $1.13 per share indicates continued investment or compensation-related activity at a specific price point.
• The reporting of DSUs and RSUs suggests a long-term incentive structure for management, aligning their interests with the company's future performance.

Negatives

• The disposal of 49,085 shares of common stock by Mr. Friedberg could be interpreted as a reduction in his direct holdings, although the context of this disposal is not fully detailed.
• The underlying securities for DSUs and RSUs will only be issued upon Mr. Friedberg's separation from service, indicating these are not immediately liquid holdings.

Risks

• The filing does not explicitly detail the reasons for the disposal of 49,085 shares, which could raise questions among investors about the reporting person's confidence in the company's short-term prospects.
• The reliance on future separation from service for the issuance of shares underlying DSUs and RSUs means a significant portion of potential future shareholding is contingent on an event that may not be immediate.

Future Outlook

The filing primarily reports on past transactions and current holdings. The future outlook is indirectly influenced by the reporting of deferred stock units and restricted stock units, which are tied to future vesting and separation events.

Management Comments

• The shares of common stock underlying such DSUs shall be issued upon Mr. Friedberg's separation from service with the Issuer.
• This Form 4 is filed jointly by Hampstead Park Environmental Services Investment Fund LLC ("Hampstead Park Environmental"), Daniel Friedberg and Hampstead Park Capital Management, LLC ("Hampstead Park Capital"). Hampstead Park Capital is the sole member of Hampstead Park Environmental, and Mr. Friedberg is the Chief Executive Officer of Hampstead Park Capital; each may therefore be deemed to control Hampstead Park Environmental. In addition, Mr. Friedberg is a Director of the Issuer.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions. The reporting of deferred and restricted stock units is common in the technology and services sectors, reflecting typical executive compensation structures aimed at retention and performance alignment.

Related Party Transactions

• Daniel Friedberg, as CEO of Hampstead Park Capital Management, LLC, which is the sole member of Hampstead Park Environmental Services Investment Fund LLC, has control over the entities through which a significant portion of his beneficial ownership is held.

Stakeholder Impact

• Shareholders: The filing provides transparency into insider holdings and transactions, which can influence investor perception. The disposal of shares by a director may be scrutinized.
• Employees: The reporting of RSUs and DSUs indicates ongoing incentive programs for management, potentially impacting employee morale and retention strategies.
• Management: The filing details Mr. Friedberg's direct and indirect ownership, including equity awards tied to future service.

Next Steps

• Shares of common stock underlying DSUs will be issued upon Mr. Friedberg's separation from service.
• 20,000 restricted stock units are scheduled to fully vest on August 13, 2026.

Key Dates

Keywords

Form 4, SEC Filing, Quest Resource Holding Corp, QRHC, Daniel M. Friedberg, Beneficial Ownership, Insider Trading, Stock Holdings, Deferred Stock Units, Restricted Stock Units, Hampstead Park Environmental Services Investment Fund LLC, Hampstead Park Capital Management, LLC, Director, 10% Owner